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Suppose that before the recent recession the job finding rate was 0.45 and the job separation rate was 0.05. After the recession the job finding
Suppose that before the recent recession the job finding rate was 0.45 and the job separation rate was 0.05. After the recession the job finding rate decreases to 0.40, while the separation rate increases to 0.10. Comparing the steady state unemployment rate before and after the recession you can say that the unemployment rate is
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